Bram NELIS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Bram NELIS
Largest movements
- Receivables within one year +€52,168
up €52,168 (+47.9%), from €108,878 to €161,046
of which Trade receivables: +€26,933
- Cash -€11,460
down €11,460 (-38.9%), from €29,437 to €17,977
mainly Receivables within one year (-€52,168) and Debts after one year (-€3,325)
- Tangible fixed assets -€5,704
down €5,704 (-11.3%), from €50,347 to €44,643
of which Land and buildings: -€5,554
- Trade debts +€31,248
up €31,248 (+412%), from €7,592 to €38,840
- Debts after one year -€3,325
down €3,325 (-11.8%), from €28,140 to €24,815
- Profit (loss) carried forward +€2,817
up €2,817 (+51.2%), from €5,506 to €8,323
- Financial charges -€4,727
down €4,727 (-93.8%), from €5,041 to €314
- Gross operating margin +€3,003
up €3,003 (+40.7%), from €7,383 to €10,386
- Taxes -€1,747
down €1,747 (-80.8%), from €2,161 to €414
- Other operating charges +€1,204
up €1,204 (+42.0%), from €2,869 to €4,073
- Financial income +€619
up €619 (+26.7%), from €2,316 to €2,936
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,139 | €268,143 | +€35,005 | +15.0% |
| Fixed assets | 21/28 | €52,824 | €47,120 | -€5,704 | -10.8% |
| Tangible fixed assets | 22/27 | €50,347 | €44,643 | -€5,704 | -11.3% |
| Land and buildings | 22 | €49,988 | €44,434 | -€5,554 | -11.1% |
| Furniture and vehicles | 24 | €359 | €209 | -€150 | -41.8% |
| Financial fixed assets | 28 | €2,477 | €2,477 | = | 0.0% |
| Current assets | 29/58 | €180,315 | €221,023 | +€40,709 | +22.6% |
| Amounts receivable after more than one year | 29 | €42,000 | €42,000 | = | 0.0% |
| Other amounts receivable | 291 | €42,000 | €42,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €108,878 | €161,046 | +€52,168 | +47.9% |
| Trade receivables | 40 | €68,073 | €95,006 | +€26,933 | +39.6% |
| Other amounts receivable | 41 | €40,805 | €66,041 | +€25,236 | +61.8% |
| Cash at bank and in hand | 54/58 | €29,437 | €17,977 | -€11,460 | -38.9% |
| Total equity and liabilities | 10/49 | €233,139 | €268,143 | +€35,005 | +15.0% |
| Equity | 10/15 | €109,056 | €111,873 | +€2,817 | +2.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,506 | €8,323 | +€2,817 | +51.2% |
| Provisions and deferred taxes | 16 | €68,624 | €68,624 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €68,624 | €68,624 | = | 0.0% |
| Other liabilities and charges | 164/5 | €68,624 | €68,624 | = | 0.0% |
| Amounts payable | 17/49 | €55,459 | €87,647 | +€32,187 | +58.0% |
| Amounts payable after more than one year | 17 | €28,140 | €24,815 | -€3,325 | -11.8% |
| Financial debts | 170/4 | €28,140 | €24,815 | -€3,325 | -11.8% |
| Amounts payable within one year | 42/48 | €27,320 | €62,832 | +€35,512 | +130% |
| Current portion of amounts payable after more than one year | 42 | €3,282 | €3,325 | +€43 | +1.3% |
| Trade debts | 44 | €7,592 | €38,840 | +€31,248 | +412% |
| Suppliers | 440/4 | €7,592 | €38,840 | +€31,248 | +412% |
| Taxes, remuneration and social security | 45 | €4,760 | €6,665 | +€1,905 | +40.0% |
| Taxes | 450/3 | €4,760 | €6,244 | +€1,484 | +31.2% |
| Remuneration and social security | 454/9 | - | €421 | +€421 | |
| Other amounts payable | 47/48 | €11,686 | €14,002 | +€2,316 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,704 | €5,704 | = | 0.0% |
| Other operating charges | 640/8 | €2,869 | €4,073 | +€1,204 | +42.0% |
| Gross operating margin | 9900 | €7,383 | €10,386 | +€3,003 | +40.7% |
| Operating profit (loss) | 9901 | -€1,190 | €609 | +€1,800 | |
| Financial income | 75/76B | €2,316 | €2,936 | +€619 | +26.7% |
| Recurring financial income | 75 | €2,316 | €2,936 | +€619 | +26.7% |
| Financial charges | 65/66B | €5,041 | €314 | -€4,727 | -93.8% |
| Recurring financial charges | 65 | €5,041 | €314 | -€4,727 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,915 | €3,231 | +€7,146 | |
| Income taxes | 67/77 | €2,161 | €414 | -€1,747 | -80.8% |
| Profit (loss) for the period | 9904 | -€6,076 | €2,817 | +€8,893 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,076 | €2,817 | +€8,893 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.